Orlando Business Journal: Expect New Sport Stadiums - as Long as They Make Money for the State

Articles / Publications

With the Orlando Citrus Bowl already under renovation, the planned Orlando soccer stadium site selected and a proposed South Florida soccer stadium under discussion, new legislation covers a golden opportunity to seek more state funds for current or potential venues. But the potential reward is not without risk.

Under a recently-enacted sports development program codified in HB 7095, funds from Florida will be made available to fund sports stadiums based on a sliding scale that rewards the project based on the amount of new tax revenue it generates. This means under the new program, applicants must demonstrate plans to generate more new tax dollars than competing stadiums to win priority in the race for state funds.

Orlando Business Journal subscribers can access the full article here.

Related Professionals

Jump to Page
Arrow icon Top

Contact Us

We use cookies to improve your website experience, provide additional security, and remember you when you return to the website. This website does not respond to "Do Not Track" signals. By clicking "Accept," you agree to our use of cookies. To learn more about how we use cookies, please see our Privacy Policy.

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. These cookies may only be disabled by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.